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East Asia
China’s outbound investment maintains relatively high growth
Zhang Huizhong – People’s Daily China reported a non-financial outbound direct investment (ODI) of 53.27 billion RMB ($7.73 billion) in January this year, reaching 983 overseas enterprises in 108 countries and regions, said the latest data released by the Ministry of Commerce (MOC). Compared with last year, China’s total outbound…
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East Asia
Korean presidential scandal: Dynamics of Corruption
Mahatma Gandhi said, “The world has enough for everyone’s need, but not enough for everyone’s greed.” However, Indian politicians are bent upon proving Gandhi wrong. They continue to vie with each other in amassing wealth by using every tool in the rule book. Throughout human history, the rich and powerful…
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Central Asia
Kazakhstan ups 2017 oil output forecast
Kazakhstan revised up oil output forecast for 2017 to 81 million tons, National Economy Minister Timur Suleimenov said at a meeting on outcomes of 2016 and priorities for 2017, the Economy Ministry said on Feb. 23. Earlier, Kazakhstan forecast the 2017 oil output at 79.5 million tons. In 2016, Kazakhstan’s…
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Central Asia
Toward a new equilibrium in Kyrgyz-Russian relations
“Touring Central Asia…” is what has been named of President Vladimir Putin’s scheduled trip to the capitals of Central Asia. He will visit Tajikistan and Kyrgyzstan and perhaps, Kazakhstan and Uzbekistan. Moscow has close political and economic ties with each of these four republics. But of course, there are still…
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Central Asia
Success story of a not-cotton-growing Uzbek farmer: 10 millions USD annual export
Implementation gradual reduction of production raw cotton from 3 million 350 thousand tons to 3 million tons in Uzbekistan is freeing up about 170,500 hectares of irrigated land, which is leading to the result that fruit and vegetables are being sown and planted on unleashed cotton fields. The same agricultural…
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East Asia
74 new airports to be completed by 2020 in China
China is aiming to have 74 more civil transport airports by 2020, according to a report released by the Civil Aviation Administration of China (CAAC). The report provides the blueprint and sets the goals for the development of China’s civil aviation industry during the country’s 13th Five-Year Plan (2016-2020) period,…
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East Asia
Georgia strengthens Silk Road economic links
On 16 January 2017 Georgian Economy Minister Giorgi Gakharia signed a Memorandum of Understanding (MoU) on “Strengthening the New Silk Road Initiative” with Zhang Yuzhou, CEO of CEFC China Energy Company Limited. The corporation has a business interest in energy and financial services and intends to purchase 75 percent of…
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Central Asia
Kyrgyzstan and EU plan to sign new co-op agreement
Kyrgyzstan may sign a new agreement on cooperation with the European Union next week, head of the EU Delegation to Kyrgyzstan, Cesare de Montis said at the press-conference Feb. 9, TASS reported. The agreement is expected to be signed within Kyrgyz President Almazbek Atambayev’s official visit to Brussels on February…
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West Asia
Railway line of Azerbaijani and Iranian Astara to start operating in March
Chairman of CJSC Azerbaijani Railways (ADY) Javid Gurbanov has received Said Mohammadzade, Deputy Minister of Roads & Urban Development of Iran and President of Iranian Railways, abc.az reports. ADY reports that during the meeting the parties discussed progress of the construction of a railroad between Azerbaijani and Iranian Astara, the…
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Central Asia
Putin ratifies Turkish Stream deal
Russian President Vladimir Putin ratified deal with Turkey on Turkish Stream natural gas pipeline project on Tuesday, Daily Sabah reports. The upper house of Russian Parliament, the Federation Council of Russia, previously approved the bill on ratification of TurkStream gas pipeline project on Feb. 01, whereas it was approved by…
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